Monday, September 29, 2014

Australian shares fall on China economy concerns; Australian dollar slides to 87.1 US cents

There have been more heavy falls on the Australian sharemarket this morning in reaction to continuing concerns about China's economy.

The uncertainty has also helped take the Australian dollar to 87.1 US cents - its lowest level in seven months.


And shares in the world's biggest wine company, Treasury Wines, have been hammered as much as 15 percent  this morning after it called off $3.4 billion takeover talks with private equity firms.




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